SAP reports record breaking Q3 results

Bangalore, Nov 21: SAP India announced record-breaking quarterly growth for the third quarter of 2007 with the licence revenue more than doubling over Q3 2006 achievement, signifying the increasing adoption of SAP solutions by companies of all sizes in the subcontinent.

The company also added a substantial number of well-known businesses to its roster of customers, already the largest among all enterprise software companies in the Indian subcontinent SAP India said in a release here.

SAP added 714 new clients between July and September 2007, the highest quarterly addition to the company's customer base since starting operations in India . To put this in perspective, SAP has added more customers in Q3 2007 alone than it added during all of 2006. Year-to-date, SAP India has added over 1352 new customers, compared with 1348 customers that the company had as of December 2006.

''This has been an outstanding quarter for SAP in India and more than doubled revenues across both Large Enterprises and SME segments,'' Mr. Ranjan Das, President and CEO, SAP Indian Subcontinent said in the release.

UNI